A report by Juniper Research predicts a significant increase in global roaming fraud traffic, driven by tactics such as SIM card swapping and the rise of data-intensive 5G roaming connections [6]. This poses a growing threat to operators and their revenue.
Description
The report highlights the impact of fraudsters exploiting the increase in roaming traffic, particularly through techniques like SIM box fraud [4]. It estimates that operator losses due to fraud will reach $8.4 billion by 2028, with data roaming fraud accounting for 80% of these losses in 2023 [3]. To combat this issue [1] [6], Juniper Research recommends the implementation of bilateral 5G roaming agreements and the deployment of advanced fraud mitigation tools.
The report emphasizes the need for bilateral 5G roaming agreements to detect fraudulent connections and maximize future roaming revenue [2] [4] [5] [6], projected to reach $8 billion globally by 2028 [4] [6]. It also assesses the readiness of countries to combat fraud and evaluates available solutions in the market.
Conclusion
The projected increase in global roaming fraud poses a significant threat to operators, with potential losses of $8.4 billion by 2028. To mitigate this risk, operators are implementing bilateral 5G roaming agreements and deploying more advanced fraud mitigation tools [3]. These measures will enable real-time detection of potentially fraudulent activity and the ability to block suspicious roaming subscribers. It is crucial for operators to take proactive steps to combat fraud and protect their revenue in the evolving landscape of data-intensive 5G roaming connections.
References
[1] https://www.dtnext.in/technology/fraudulent-data-roaming-traffic-to-up-by-700-over-next-5-years-globally-report-746829
[2] https://www.infosecurity-magazine.com/news/sim-box-fraud-700-surg-roaming/
[3] https://menafn.com/1107384634/Fraudulent-Data-Roaming-Traffic-To-Up-By-700-Over-Next-5-Years-Globally-Report
[4] https://ciso2ciso.com/sim-box-fraud-to-drive-700-surge-in-roaming-scams-source-www-infosecurity-magazine-com/
[5] https://interviewtimes.net/fraudulent-data-roaming-traffic-to-up-by-700-over-next-5-years-globally-report/
[6] https://www.telemediaonline.co.uk/fraudulent-data-roaming-traffic-will-rise-by-nearly-700-over-the-next-five-years-study-warns/
